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. they are complying with an investigation into anti-corruption laws. earlier the u.s. justice department and australian federal police are looking into allegations that bhp provided inducements, gifts and hospitality to officials. the company says they believe they complied with all laws. >>> china's central bank changed monetary policy to neutral from loose saying it will be vigilant with inflation fighting measures. we'll get market reaction when we come back. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. >>> >>> china's central bank governor says they must remain vigilant to keep a hand on inflati inflation. great to see you. any time a central bank talks tough on inflation, the market can read between the lines here. does this mean more tightening is on the way? >> that's what a lot of people have been talking about whether it does is anyone's guess at this point because just to put it all in con
that had recently lablgd the market made a modest comeback such as law eshg mas, environmental stocks, media and medical shares. both miners lost their sheen. according to chinese media reports, the lower prices of the pressure metal have put pressure on local miners. meanwhile, the hang seng reversed early weakness to finish marginally higher helped by utilities and financials. prudential's hong kong shares jumped a whooping 12% after the uk insurer posted higher dividends and profits. property plays took the brunt of the selling today after big banks hiked mortgage rates for the first time since 2011. elsewhere, south korea's kospi ended marginally in the green with automakers and technology shares capped by losses and financials. australia's asx 200 lost over 1% today as strong jobs data dampened hopes of another rate cut by the rba. and india's sensex still in action, now trading higher by a slow 1%. back to you. >> good to see you this morning. thanks for that. the s&b has given its view that it will enforce the minimum exchange rate with, quote, considerable determination. this
they must fix law necessary how they determine shareholder payout, recommending them based on qualitative concerns not on their capital ratios. both must resubmit their plans by the third quarter. the report says that jpmorgan misled investors about the nature and size of those losses and say derivatives are still a big threat to the financial system. the report singles out ina drew and former cfo doug braunstein in particular for criticism. they'll both appear at today's hearing and they'll raise questions about the behavior of several other employees, including ceo jamie dimon. for more on what this means, brandon hawkins joins us now. brennen, great to see you. look, jpm shares are under water this morning. is this more about what the fed said yesterday or more about this today's hearing? >> no, without a doubt, it's about the fed and they they came out. really, the senate report is old news at this point. it happened almost a year ago, the oil trade, and it's been contained, put aside. really, i think this is almost more a political issue than the fed. >> but brennen, at the same time
and ukrainians who deposited much 06 their wealth here in cypress because of lax banking laws and there's been widespread allegations that these russians and ukrainians have used these accounts to launder some of their money and that is exactly why germany wanted depositors to take losses in this bailout. >> thank you so much. we'll have plenty more as we continue to follow this story. let's get straight to mark oswald who joins us around the table. mark, from an investor point of view, because there are a lot of different angles to this, how do you expect markets to react? what do people make of this today? >> i thought the initial reaction was quite appropriate when we marked spain and italy down in bond terms and buyback two points or about 20 basis points on. but pretty much on the all, there were buyers in there, which surprises me. it suggests within the marketplace and we've seen it within the rally of the euro, there is a degree of complacency that cyprus isn't really that important. this is a very specific issue and it's not going to unpick what mr. draghi has achieved, what's there i
Search Results 0 to 3 of about 4